USD 170.24 billion
Report ID: SQSG50G2001 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 125 | Figures: 77
Digital Publishing Market size was valued at USD 170.24 billion in 2021 and is poised to grow from USD 186.77 billion in 2022 to USD 367.19 billion by 2030, growing at a CAGR of 9.67% in the forecast period (2023-2030).
Digital publishing is also referred to as e-publishing or online publishing. It includes posting of digital content on websites, social media platforms, and search engines in the form of text, audio, and video. Online technology is used in digital publishing to print and distribute content globally in digital form. Companies that specialize in digital publishing create digital material such as financial magazines, medical journals, newsletters, and advertising. People have modified their learning style and moved away from traditional printed books in favor of digital formats like tablets, smartphones, and e-readers as a result of increasing internet and electronic device usage among end users. As a result, the growing digitization of books and educational materials contributes significantly to the expansion of the digital publishing industry.
With the introduction of smart electronic devices over the years, media and information content have been released on digital platforms like e-books. E-books have become incredibly popular among end users all around the world in recent years. Accordingly, several digital publishing companies have developed specialized application platforms that give users access to a variety of e-books that can be read on smartphones, tablets, computers, and other devices. This is causing a rise in the popularity of reading electronic books, which is likely to fuel industry expansion.
US Digital Publishing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 170.24 billion
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The global digital publishing market is segmented based on content type, solution, application, end-user and region. Based on content type, the market is categorized into text content, video content, audio content. Based on solutions, it is categorized into digital publishing platforms and digital publishing services. The market is further sub segmented into consulting, support and maintenance, design and implementation, and managed services. Based on application, the market is categorized into smartphones, laptops, pcs, and others. Based on end-user, the digital publishing market is categorized into scientific, technical, and medical (STM), legal and business, and others. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Digital Publishing Market Analysis by Content Type
On the basis of content type, the video content segment is expected to lead the global digital publishing market over the forecast period. The digital publication offers engagement that goes much beyond text-based communication. In 2022, a shift in preference from text-based information to content that is voiced and viewed visually is expected. Videos can increase the engagement of the content and help in conveying the brand's image more effectively. Video will become more and more important to people all around the world, from educational content to social media live streaming.
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Based on the region, the Asia Pacific region currently dominates the global digital publishing market. The need for digital publishing in this region is expected to increase due to the growing need for improved digital publications. Major digital publishing market players including Adobe Inc., Apple Inc., Amazon.com Inc., and Alphabet Inc. are present and actively engaged in partnerships, acquisitions, the development of new products, and product improvements, which promotes digital publishing market expansion in this area. For instance, Comcast Inc. unveiled a fresh method of integrating television advertising campaign management.
During the projection period, Asia Pacific is projected to see considerable growth. The market in this area is anticipated to rise quickly as a result of growing e-book and magazine adoption throughout India, Singapore, South Korea, and other countries. Additionally, the region's desire for e-books is being fueled by the availability of a sufficient number of market providers.
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Digital Publishing Market Drivers
Increasing e-book adaptation of paperback books to Impel the Market Growth
Digital Publishing Market Restraints
Availability of Alternatives is likely to challenge the market growth
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The market for digital publishing is moderately fragmented. Major market participants including Adobe Inc., Amazon Inc., Alphabet Inc., Comcast Inc., etc. are forming strategic alliances and working together to grow the company. To speed up market expansion, industry players are concentrating on the introduction of new products and the improvement of current products.
Digital Publishing Market Top Players Company Profiles
Digital Publishing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global digital publishing market is currently led by countries in the North America region, due to the growing need for improved digital publications in this region. Along with this, the video content segment is projected to lead the market due to the high engagement of the content, over the forecast period.
|Market size value in 2021||USD 170.24 billion|
|Market size value in 2030||USD 186.77 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Digital Publishing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Digital Publishing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Digital Publishing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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